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Money Laundering & Terrorist Financing

Over 20 years of articles and reference material

A page dedicated to global, regional, UK and US anti-money laundering developments and initiatives.

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FATF publishes its 2025 Asset Recovery Guidance and Best Practices, providing strategies/case studies to strengthen the tracing, freezing, and confiscation of criminal assets while protecting victims rights

November 4, 2025

It covers the full asset recovery lifecycle from investigation to management and return of assets emphasizing specialized units, inter-agency coordination, access to beneficial ownership data, and robust international cooperation through formal and informal channels. The guidance balances effective recovery with due process, proportionality, and protection of third-party rights, while promoting the use of recovered assets to compensate victims or benefit communities…

FINTRAC and GRI’s FIFAI II forum brought together Canadian financial leaders to tackle how AI is revolutionising financial crime detection, data integrity, talent, and regulatory compliance

November 3, 2025

The interim report summarises key discussions from the October 1, 2025 session co-hosted by Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and GRI, which explored emerging risks such as AI-enhanced fraud, data manipulation, proliferation of threat-actor capabilities, and regulatory gaps in Canada’s financial-crime ecosystem. It also outlines strategic opportunities identified…

FINTRAC’s P2P Information Sharing guidance allows reporting entities to share personal data without consent under an approved code of practice to enhance ML/TF and sanctions-evasion detection 

November 3, 2025

This information sharing is governed by an approved code of practice, submitted to FINTRAC and the Privacy Commissioner, which sets out the types of data that can be shared, secure methods for transmission, and safeguards including access controls, encryption, breach response, and data retention policies. Exchanges can only occur between entities within the same approved code, which must be renewed or updated at least every five years, enabling organizations to gain a fuller picture of client activity and more effectively identify suspicious behaviour…

FCA reviews consolidation in the advice and wealth-management sector, stressing sustainable growth and consumer protection while warning that rapid M&A must not dilute governance or AML controls

October 31, 2025

The review highlights risks arising from debt-fuelled acquisition strategies, integration challenges and uneven control frameworks, noting that firms must demonstrate credible plans to maintain service quality and regulatory compliance as they scale. It also emphasises that governance, systems and oversight must evolve in step with expansion to safeguard consumers and uphold regulatory obligations, including effective financial-crime risk management.

FATF will host a webinar on Promoting Financial Inclusion through a Risk-Based Approach to AML/CFT on 19 Nov 2025, exploring how a risk-based approach can expand access while combating FC

October 31, 2025

The session will include case studies, practical implementation ideas, and discussions on challenges that supervisors and financial institutions face while balancing inclusion and anti‑crime protections. FATF experts, private sector participants, and financial inclusion stakeholders will share insights, and participants can submit questions in advance…

FINTRAC’s 2024–25 Annual report highlights record financial intelligence disclosures, major drug and crime seizures, risk-based regulatory actions, and cutting-edge AI and global collaboration to combat FC

October 30, 2025

FINTRAC’s Annual Report 2024 – 25: Safe Canadians, Secure Economy details the agency’s expanded contribution to federal efforts targeting the illicit-opioid crisis, including over 100 actionable law-enforcement disclosures between November 2024 and March 2025 related to illicit-opioid networks. The report also underscores the centre’s broader operational impact in supporting investigations into money-laundering…

SRA’s 2024–25 AML Annual Report exposes widespread weaknesses in law firms’ risk assessments and AML controls, calling for urgent, risk-based action and stronger oversight

October 30, 2025

The report indicates a marked increase in supervisory interventions—covering inspections, file reviews and enforcement actions—as the SRA addresses persistent weaknesses in firm-wide risk assessments, client and matter-level risk evaluations, source-of-funds checks and sanctions compliance. It further emphasises emerging threats in conveyancing, technology risk (including AI) and supply-chain complexity, underscoring the need for firms to evolve controls proportionately as regulatory expectations rise…

GFI’s 2025 report Shadow Figures: Transnational Crime, estimates US$16 trillion in annual illicit flows mainly from cybercrime, revealing data gaps, impacts on developing countries, and need for urgent global action

October 28, 2025

The report estimates that revenues from ten major transnational crimes including drug trafficking, counterfeiting, human trafficking, illegal logging and mining, illegal fishing, wildlife trafficking, small arms trafficking, oil theft, cultural‑property trafficking, and especially cyber‑crime, range between US$ 12.30 trillion and US$ 16.21 trillion annually…

Europol’s paper on Caller-ID spoofing warns of escalating fraud risks, outlines challenges for law enforcement, and urges swift technical, regulatory, and cross-border actions to protect citizens

October 27, 2025

This position paper highlights that spoofed calls and messages enable large-scale social-engineering and payment fraud, resulting in hundreds of millions of euros in annual losses across Europe. Europol calls for harmonised technical standards, enhanced cooperation among telecom providers and regulators, and updated legislation to curb abuse and improve investigative capabilities…

FATF’s Oct 2025 Plenary removes Burkina Faso, Mozambique, Nigeria, and South Africa from its grey list, adopts new asset recovery guidance, and approves a horizon scan on AI and deepfake risks

October 27, 2025

The Plenary approved comprehensive new guidance on asset recovery, that will help countries build effective frameworks to close loopholes and recover proceeds of crime, including across borders – critical to reducing and disrupting money laundering and ultimately making crime unprofitable. It also approved a new Horizon Scan, to notify public and private sectors around the world about current and potential future illicit finance risks presented by AI and deepfakes…

Dubai FSA issues Consultation paper proposing major updates to its crypto-token framework, shifting suitability checks to firms and removing fund investment caps – feedback due by 31 Oct 25

October 25, 2025

The consultation paper proposes to shift from a regulator-recognised list of crypto-tokens to a model where firms must assess and document the suitability of tokens themselves – excluding fiat stablecoins, which remain subject to explicit DFSA approval. It also introduces monthly reporting obligations, removes certain jurisdictional barriers, relaxes fund-investor thresholds, and updates custody/disclosure rules to align with evolving…

TI-UK’s paper Improving the UK’s Trust Registration Service urges expanding the TRS’s scope and data access to expose hidden ownership in UK property and close loopholes enabling ML through opaque trusts

October 25, 2025

The report highlights that the Trust Registration Service (TRS) under HM Revenue & Customs remains ineffective in tackling hidden ownership in UK property via trusts, citing examples of at least £2.5 billion held through trust structures. It recommends reforms to broaden registration (including trusts acquiring property before October 2020 and overseas trusts holding UK assets) and to allow more meaningful public access to TRS data, in line with the Sixth Anti‑Money Laundering Directive standard…

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